Medical services, beauty and e-commerce are expected to maintain their bright growth outlook in 2022, driven by the persistent pandemic and changing consumer behaviour based on a digital economy. Thanavath Phonvichai, president of the University of the Thai Chamber of Commerce (UTCC), said the virus crisis has driven consumers in Thailand to be concerned more […]
Read MoreGarment and manufacturing exports have risen by 13.5 per cent over the same time in 2020 – following a 20 per cent contraction from 2019 – buoyed by favourable arrangements with trading partners and a shift of orders from Myanmar and Vietnam to Cambodia, according to Prime Minister Hun Sen on December 16. The prime […]
Read MoreA widening gap in digitalization between Vietnam and advanced countries could further leave Vietnam behind in its quest for prosperity. In a rapidly-changing world where digitalization has now become an irreversible trend, a more active approach in pursuing digitalization remains essential for local businesses to stay competitive and eventually allow the Vietnamese economy to reach […]
Read MoreThe Tourism Authority of Thailand (TAT) is planning a massive marketing campaign engaging 26 global and regional influencers to promote the country’s reopening, including Thai-British Formula One driver Alex Albon among the candidates. The project, named “Amazing New Chapters: From A-to-Z Thailand has it all”, will focus on influencers with lots of followers to represent many […]
Read MoreTHE Philippine peso recorded its best day in a month after returning to the P49 to a US dollar territory on Thursday. The local currency rose 31 centavos from the previous day’s close of P50.27 to $49.96:$1. It has not been this high since November 12, when it closed at P49.85 per dollar. The peso’s […]
Read MoreKrungthai Compass, a research house under Krungthai Bank (KTB), predicts the Thai economy will start to recover next year with a growth rate of 3.8%, rising from a forecast of 1% this year. The 3.8% growth rate for GDP in 2022 would be supported by domestic consumption and private investment, in line with improving confidence […]
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